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#XRBIA Chembur Central – Making Lavish Living Affordable


wealthymattersMumbai is a city where real estate is so expensive that a lot of people, even those who are far from poor, make do with tiny homes in old dilapidated buildings and others resign themselves to living in far off suburbs in the MMR where homes are cheaper and then suffering the inevitable long commutes into the city.

Now the problem of living so long in an environment where we train ourselves to expect less by way of lifestyle, as an inevitable compromise to get on with the business of making money in Mumbai, is that we often forget to open our minds enough to ask if this much of compromise with the quality of life of ourselves and our children is really inevitable. For those of us living a cramped life in really old houses, are there no other locations where the houses are newer and the social infrastructure comparable to those in older neighbourhoods of the city ?And for those of us commuting for hours everyday, are  there no better located homes, such that long commutes are cut short and we literally find time to actually live life in the Maximum City? Read more of this post

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Beware ICO Scams


wealthymattersToday the vast majority of people would find it hard to explain what block-chain, cryptocurrency, initial coin offers (icos) etc. really are. But all of them probably have read at least one media story of instant fortunes having something to do with such buzz words and quite a few people are eager to try their luck at making their own fortune.

Ignorance and greed is a deadly combination and a whole world of scamsters have jumped in to rip0ff people. Not only is the internet full of ads for initial coin offers but scam artists have bought their way into the pages of mainstream financial papers in India to talk about the success of their icos in other countries, including places like Panama.

Of all the ICOs world-wide last year, its believed that over 60% of the businesses have simply disappeared by early this year.

Its truly easy to run an ICO scam. All scamsters have to do is : Read more of this post

Cryptocurrency – The Whales’ Game


wealthymatters

Cryptocurrencies have captured the public  imagination as the price of bitcoin et al skyrocketed and made lakhiers and crorepatis of both famous and obscure people. Never mind that many lost their fortunes even before they could start celebrating ! The adrenalin rush is a siren song to certain personality types……..

And I daily get calls, messages and e-mails asking what I think of cryptocurrency investments. The querants range from Sotheby’s-Gulf to small businesspeople from Russia. So here’s my answer : Are you a whale? Do you want to be one? Can you be one ?Do you fancy your chances playing against whales ?

Think:

Bitcoin was built by a tight-knit community of technology buffs and entrepreneurs, and a relatively small number of them own an outsized share of the cryptocurrency. As few as 1,000 people may own around 40% of all existing bitcoin.

As smaller investors enter the market drawn by the price action, the question to ask is whether those “whales” are in a position to take advantage of the newcomers?

Can whales actually coordinate among themselves to move the market? Read more of this post

The Denationalization of Money – Friedrich Hayek


wealthymattersThe Denationalization of Money is a 1976 book by Friedrich Hayek, in which he advocates the establishment of competitively issued private moneys.

According to Hayek, instead of a national government issuing a specific currency, use of which is imposed on all members of its economy by force in the form of legal tender laws, private businesses should be allowed to issue their own forms of money, deciding how to do so on their own and have the currencies compete for acceptance.  Read more of this post

Branded Reality


wealthymatters

Construction is something of a commodity business and as in all commodity businesses, its hard to maintain margins. So how to reality companies increase their pricing power?

Enter Branded Reality.

1)So for reality companies the first  order of things is to create a strong and recognizable brand as it increases customer confidence, influences the buying decision and shapes the ownership experience.

2)Then to increase brand visibility ,a common strategy is to pursue the achievement of firsts :

So they compete to build he world’s tallest residential tower,the first greenfield smart city in the country, bring in designs by Casa Armani, Trump, Philippe Starck, Jade Jagger, Kelly Hoppen, Greg Norman etc to local markets etc. etc. etc. Read more of this post

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